U.S. Jobs: What's Hot and What's Not
Federal government employees dropped by 12,000, 9,000 of which came from cuts by the U.S. Postal Service. A decline in government employees isn't new, and has significantly weighed down on the labor market's recovery since the 2008 financial crisis. Critics argue that rigid budget cuts and a fiscal policy that hasn't been as accommodative as monetary policy is why government jobs continue to tumble. For now, it appears this trend won't soon reverse.
"I just think that there hasn't been much effort by either party to really address the jobs situation," Robert Brusca, chief economist at FAO Economics, said in a phone interview from New York.-- Written by Joe Deaux in New York. >Contact by Email. Follow @JoeDeaux
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